IBM, Westpac and More Trial Blockchain for Bank Guarantees

A group of Australia-based companies have announced the completion of a blockchain trial aimed at digitizing the bank guarantee process for commercial property leasing. A collaboration with IBM, Westpac, shopping centre operator Scentre Group and ANZ, the group reports it was able to successfully apply distributed ledger technology (DLT) to eliminate the need for current paper-based bank guarantee […]

Source